earnings
Stories tagged earnings.
Google Cloud revenue surges 82% to $24.8B, easing AI spending concerns
Alphabet's Google Cloud revenue jumped 82% year-over-year to $24.8 billion, driven by enterprise AI adoption, helping the company post record profits of $112.1 billion.
IBM Reports Disappointing Quarter as Mainframe Sales Drop 42%
IBM's mainframe business plunged 42%, causing the company to miss Wall Street expectations and its stock to fall 25% in a single day. CEO Arvind Krishna attributed the decline to AI data center spending temporarily diverting corporate hardware budgets.
Watches of Switzerland Group Posts 11% Revenue Growth for Full Year 2026
The retailer reported record revenue of £1.8 billion, up 11%, and a 76% jump in statutory profit before tax to £133 million for the year ended 3 May.
Nike Faces ‘Show Me’ Moment Ahead of Earnings Report
Nike is under pressure as investors seek signs of stabilization, with sales declining in seven of the past eight quarters.
H&M Q2 Profit Misses Expectations, Raising Turnaround Doubts
H&M reported weaker-than-expected second-quarter earnings, casting uncertainty over its turnaround strategy amid fierce competition and cautious consumer spending.
H&M Faces Investor Scrutiny Over Sales Growth Strategy
The Swedish fast-fashion retailer is expected to report improved earnings from cost cuts, but investors will focus on its plan to revive sustainable top-line growth in second-quarter results.